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JPY, USD, and KRW Accounts for Over 90% of Bitcoin Traded on Exchanges

Markets and Prices CNY to bitcoin trading now accounts for approximately only 1% of all bitcoin trade occurring on exchanges, according to cryptocompare data. The Chinese cryptocurrency crackdown has drastically altered the global composition of bitcoin markets. 60% of bitcoin trading currently occurs through Japanese markets, with the U.S. and South

Markets Update: Bitcoin’s Price Peaks Past $5800 Across Global Exchanges

Markets and Prices The price of bitcoin has finally surpassed the $5K territory after a few teases this past spring and summer. During the earlier hours of October 12, bitcoin’s market value spiked past the $5,000 range and has reached an all-time high of $5846 per BTC across popular global exchanges. Bitcoin’s pathway to $6K is within sight.&nbs

Japan Emerges as the World’s Foremost Hotbed of Bitcoin Trading

Economics Japan has emerged as the largest market for bitcoin trading by volume. This represents a shift from the market dominance controlled by China as a result of the Chinese government blanket banning exchange platforms. Japan, along with South Korea to some extent, now represent major hubs of crypto-finance across the globe. Also read: 

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BitFlyer Launches Visa Powered Prepaid Bitcoin Card

Japan’s largest Bitcoin exchange, bitFlyer, have announced that they will launch a Bitcoin debit card powered by Visa. This development will bring the ever-growing Japanese crypto market closer to being able to use Bitcoin at a variety of locations accepting Visa cards.According to bitFlyer, the cards will facilitate the spending of crypto at “more than 40 million merchants in more than 200 co

Ukraine Proposes Law to Completely Legalize Cryptocurrency Transactions

Regulation The first draft of a bill to legalize all cryptocurrency transactions in Ukraine has been submitted to its Parliament. Initiated by a group of deputies, the bill proposes to define cryptocurrencies including bitcoin as legal properties which can be exchanged for goods and services.Also read: Japan’s Largest Bitcoin Exchange Bitflyer

Potential Factors That Will Likely Drive Bitcoin Price to $10,000 Interim Target

The Bitcoin price is en route to achieving a new all-time high, as it nears the $5,000 region. Over the past three days, the Bitcoin price has increased from $4,330 to $4,893, leading analysts to establish an interim target of $10,000.In the short and mid-term, the price of Bitcoin heavily depends on three major factors: the performance of major markets including Japan and South Korea, the rate of

Markets Update: The Bitcoin Price Rocket Blasts Off Again

Markets and Prices As we predicted in our last markets update, bitcoin markets were behaving like a shaken can of soda — waiting to pop. The bitcoin price rocket started its ascent yesterday surpassing the $4,500 zone. Then the price of bitcoin blasted to a high of $4,865 just 24-hours later on October 9. As the fork(s) loom in the backdrop, m

Japanese Renewable Energy Provider Offers Low Flat-Rate Electricity for Crypto Miners

Mining Japanese renewable energy provider, Looop, has announced an electricity plan aimed at reducing costs for bitcoin and other cryptocurrency miners. The plan charges a flat monthly fee for electricity usage of up to a certain level in the Tokyo Electric Power Company service area.Also read: Japan’s Largest Bitcoin Exchange Bitflyer Launche

Japan’s Largest Bitcoin Exchange Bitflyer Launches Bitcoin Visa Prepaid Card

Services Japan’s largest bitcoin exchange by volume, Bitflyer, has launched its own reloadable Visa prepaid card. Customers can fund them using bitcoin through Bitflyer or other bitcoin wallets. The exchange is also giving away gifts to 1,000 customers during the launch period.Also read:Bitcoin Debit Cards Halt Service to Non-European Residents Due

Markets Update: Bitcoin Price Pops Higher But Meets Upper Resistance

Markets and Prices Bitcoin markets are kicking up a notch as the price tested the US$4,425 zone today, after spiking past the $4,300 territory the day before. The currency’s value has been trending higher, but slowly because there’s been a lot of resistance along the way. Presently bitcoin’s price action seemed poised to pounce another leg upwa

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